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jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president biden. you heard that discussion. i like jack. i'm fond of the guy. jack welch has raised the question, but it was obviously his business instinct and his attitude i think towards this president that came together at 8:35 and he tweeted out this, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i heard ezra klein say in the room, that a 0.3 of 1% shift in the unemployment rate is not wild. it's very conceivable. your thoughts. >> that's absolutely true. i mean, what i just heard from jack welch was about -- with respect i gue
jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president...
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look, i'm friends with jack welch and i tweeted him back. i said jack, look, i love you, but on this one you've flat out lost your mind. there's an iron clad fire wall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past. come on, say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and, if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the pay roll numbers at 114,000 not especially impressive. it just doesn't make any sense. >> all right. austan. thanks very much for coming in. >> great to see you again, wolf. >>> president obama wasn't the only one whose debate performance w performance was criticized. the wheels o
look, i'm friends with jack welch and i tweeted him back. i said jack, look, i love you, but on this one you've flat out lost your mind. there's an iron clad fire wall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past. come on, say, look, come on, you've got to be kidding on...
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Oct 7, 2012
10/12
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you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions. >> some report there are numbers that will come out on the eve of the election. >> you know, these are volatile figures and sometimes have to be revised. but to go and charge that the administration had manipulated this for political gain, don't you need some evidence for that? >> think it's unfortunate that jack welch who has this storied business career now appears to be stark raving mad in the donald trump category and i think this reaction is what it should have been even from a lot of people on the right and said, now, come on, you can argue about certain things but if they wanted to cook the b
you have jack welch who euned to own nbc, the majority owner. he said this is unbelievable. the chicago guys will do anything to change the numbers. let's take a look at welch mareking his roumts and some at fox news picking up on the idea that they can't be trusted. >> look. i don't know what the right number is, but i'll tell you these numbers don't smell right when you think about where the economy is right now. >> there is widespread mistrust because there are contradictions....
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i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's absolutely true. i mean, what i just heard from jack welch was about with respect, i guess was about ten minutes of absolute nonsense with no grounding in what the bureau of labor statistics actually does. he's absolutely right, that a very large jobs number in the household survey is an outlier, it's unusual. these things happen. that number has a large margin of error around it. the bureau of labor statistics are very public about that. >> these are nonpoliticians, absolute bureaucratic government surveys is. >> that's the point. it wasn't that jack welch was raising a question o
i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's...
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more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of president obama's council of economic visors. conspiracy theories running wild, and how you generate them. what is your take on this. >> okay, the numbers come from iron fortress, somewhere in the bls. it's absolutely and totally ridiculous to say some how some political people changed the numbers in bls. it makes no sense whatsoever. look i'm friends with jack welch. he's a great guy. i have no idea what he's talking about. this is birtherrest crazy stuff. i don't know how you get--the same people saying that it's outrageous that the survey showed a lot more jobs than expected this
more about jack welch and g.e. and accurate numbers more in this show later. we have an interview with cnbc. >> we have a very professional civil service organization where you have top, top economists that work at the bls. it's really ludicrous to hear that kind of statement. >> eliot: and the always wise economic adviser had this message for jack welch. i quote love you jack, but here you've lost your mind. what a coincidence joining me now is austan goolsbee, former chairman of...
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follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. like chicken noodle soup from campbell's. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, b
follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of...
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follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a drea
follow jack welch at jack underscore welch. i'll be tweeting tonight. >>> up next, mitt romney now says his remarks on the 47% were in his words, totally wrong. why did he spend the last two weeks defending them and his surrogates did? keeping them honest on that. and looking to appear more moderate on a whole range of issues. we'll be right back. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of...
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. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the pr
. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the...
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you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >> the bureau of labor statistics, which determines the unemployment number is a nonpolitical and independent agency, by the way. >>> hundreds, if not thousands of convicted criminals could go free, all because of this chemist. the outrageous allegations about a massachusetts drug lab. >> i'm dr. sanjay gupta. meet jennifer, founder of code for america. it's kind of a peace corps for geeks. >> most people have seen that geek s have whicchanged the wor much in the past 10, 20 years, they haven't changed government yet. we get peopl
you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >>...
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you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government, how often do you beat your wife? >> i should have had a question mark at the back of it, ali, let's face it, okay? the facts are, ali, no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. they were republicans and they were democrats. and all of a sudden -- >> i agree with you. >> you agree with that? >> i agree with everything you're saying, jack, and if your question was -- >> i wake up this morning and it's 7.8 with a bunch of asmptions. >> as the best ceo that america has ever had, there are two very powerful things you can say here. one i
you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but throwing out the accusation, that's like asking the government, how often do you beat your wife? >> i should have had a question mark at the back of it, ali, let's face it, okay? the facts are, ali, no matter how you want...
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you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help president obama. earlier on cnbc, u.s. la
you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen...
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today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number of ways. is is the way obama achieved this milestone is very nonsocialist, actually. under obama the economy has created about 967,000 private sector jobs. so if obama is in fact a socialist, he's not very good at it. second in, romney's standard stump speech, we've now had quote 43 street months with unemployment over 8%. we are now under 8%. and third, this is probably the most important for the campaign. the debate was only two days ago. today is friday. the debate was wednesday. but this is a big enough jobs report, striking enough, that it has tur
today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number...
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in retaliation, jack welch quit as a columnist. accusing the labor department of mmanipulating jobs numbers. fortune's editor-in-chief leads to the president's defense on msnbc to insist the economy is getting better. unfortunate, a writer did two nasty stories saying he laid off 100,000 people in 20 years. about as much to do with this controversy as the fact they had seen its circulation revenue hit 50% in a decade. welch quitting and going to the "wall street journal" where in an op-ed today he said i was right about the strange jobs report likened the bashing he has received to soviet russia. jack welch coming under fire from economic advisors. telling elliot spitzer on al gore's current tv that it is absolutely and totally ridiculous that somehow some political people changed the numbers. this is crazy stuff. oh, yeah? none other than the same guy himself questioned the honesty of the job numbers during the bush administration in '03 in "the new york times" writing may have been buying people off the unemployment rolls, the go
in retaliation, jack welch quit as a columnist. accusing the labor department of mmanipulating jobs numbers. fortune's editor-in-chief leads to the president's defense on msnbc to insist the economy is getting better. unfortunate, a writer did two nasty stories saying he laid off 100,000 people in 20 years. about as much to do with this controversy as the fact they had seen its circulation revenue hit 50% in a decade. welch quitting and going to the "wall street journal" where in an...
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i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every single month. so how do they feel to you? does this feelt like a surprising report to you? >> it was surprising. it was better than most people were expecting. it was better than any of the forecasters on wall street were predicting. but that happens sometimes. there's a reason they do these studies. if we already knew what was going to happen, there wouldn't be a point to doing it. and sometimes there's going to be surprises. the truth is, you alluded to this. a lot of the numbers are more consistent with what we're seeing in the economy. the payrolls number,
i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every...
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jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal clif
jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last...
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jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of f
jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july....
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here's what jack welch, former ceo of g.e. was talking about when he talked about the tweet that questioned the veracity of the 7.8% jobs number. he was on "hardball" chris matthews. >> do you mean it's a coincidence or you have evidence there was corruption? >> i have no evidence of corruption. none whatsoever. >> so these chicago guys had nothing to do with the numbers? >> i don't know that. >> why did you say that? these chicago guys will do anything to change the numbers. you just said it in your tweet. >> i want to raise the question of these numbers. >> you do raise the question. >> because these numbers defy logic. they defy logic. >> so susan, more people from your party have latched onto this concept. is it embarrassing? is it true? is it ridiculous? >> it's shocking. when i first saw that tweet i thought he was kidding around. then to see him double down on chris matthews was frankly surprising. and i don't think many serious people take that statement seriously. that being said, it's amazing how much flack he's gett
here's what jack welch, former ceo of g.e. was talking about when he talked about the tweet that questioned the veracity of the 7.8% jobs number. he was on "hardball" chris matthews. >> do you mean it's a coincidence or you have evidence there was corruption? >> i have no evidence of corruption. none whatsoever. >> so these chicago guys had nothing to do with the numbers? >> i don't know that. >> why did you say that? these chicago guys will do anything...
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jack welch setting off a bit after firestorm this morning. shortly after the report, welch tweeted this out. unbelievable jobs numbers. he doesn't mean it in a positive way. he means it unbelievable. these chicago guys will do anything. can't debate so change numbers. a few moments later, hilda solis fired back. >> i'm very disappointed to hear that. we have a very professional service organization with top officials working in the bls. our most trained and skilled individuals. it is really ludicrous to hear that kind of statement. >> representative allan west is a florida republican and he says he agrees with mr. welch. congressman, good to see you. >> thank you very much. how are you all? >> what do you believe what mr. welch says and not what the secretary of labor says. >> it is not about believing what mr. search says. it is about studying the numbers. we continue to see these inconsistencies and revisions upwards and downwards. work force participation rate still remains at a 30-year low. when you compare this to the u6 computation whic
jack welch setting off a bit after firestorm this morning. shortly after the report, welch tweeted this out. unbelievable jobs numbers. he doesn't mean it in a positive way. he means it unbelievable. these chicago guys will do anything. can't debate so change numbers. a few moments later, hilda solis fired back. >> i'm very disappointed to hear that. we have a very professional service organization with top officials working in the bls. our most trained and skilled individuals. it is...
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cheering at jack welch question the validity came from fortune magazin"fortune"magazine and itn jack welch quit and has an op-ed bashing his bashers. accusing the obama labor departmenlabordepartment of mans numbers so fortune editor in chief weeks to the president defense. and unfortunately, a writer did a couple of nasty stories pointing out that he laid off 100,000 people in 20 years. though they have had plenty of layoffs as they can revenue 50% in a decade. and jack welch counter punches instead in the "wall street journal" liking the beating he's taken over this to soviet russia. jack welch also come under attack from former obama economic advisor saying on al gore current tv that it is absolutely and totally ridiculous to say somehow some political people change the numbers. this is crazy stuff. oh yeah? he himself questioned the honesty of the job numbers in the bush administration in '03 in "new york times" that they have been buying people off their employment rolls i and the government has cooked the books. in a counter tweet he said jack, you completely missed cited my ol
cheering at jack welch question the validity came from fortune magazin"fortune"magazine and itn jack welch quit and has an op-ed bashing his bashers. accusing the obama labor departmenlabordepartment of mans numbers so fortune editor in chief weeks to the president defense. and unfortunately, a writer did a couple of nasty stories pointing out that he laid off 100,000 people in 20 years. though they have had plenty of layoffs as they can revenue 50% in a decade. and jack welch counter...
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jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far more inside ous. i don't know. then there was this from conservative talk radio host laura ingram. quote, jobs numbers from labor secretary hilda solis are total pro obama propaganda. just looking on twitter you could see the ground swell on the right that th
jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think...
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jack welch suggested obama's team manipulated the data to give the president a boost well our guest is here to dispel conspiracy theories around the drop which is not to say the jobs numbers are manipulated but rather that they're manipulated on an ongoing basis one argue our economist argued in past have times look at this the unemployment rate has been low only because government programs especially social security disability have effectively been buying people off the unemployment rolls and reclassifying them as not in the labor force in other words the government has cooked the books faster back in two thousand and three austin goals be writing you may know him he went on to be an obama aide he was kind of loosening standards for qualifying for disability payments in the eighty's and ninety's so people who would normally be counted as unemployed started moving to the disability system and you can see how those numbers have steadily increased. and today as the eighty's and ninety's that those standards were loosened and this trying to continue during the recent downturn the number o
jack welch suggested obama's team manipulated the data to give the president a boost well our guest is here to dispel conspiracy theories around the drop which is not to say the jobs numbers are manipulated but rather that they're manipulated on an ongoing basis one argue our economist argued in past have times look at this the unemployment rate has been low only because government programs especially social security disability have effectively been buying people off the unemployment rolls and...